This paper investigates parental time investment in children prior to formal schooling as a source of intergenerational … income persistence in the U.S. I develop a dynamic general equilibrium model where lifetime income endogenously persists … including the U.S. income quintile transition matrix. I find that the parental time investment channel accounts for nearly 40 …

for education play a larger role in determining income at age 25 than cognitive skills. Last, our analysis uncovers …

one student has been in a given school. I examine whether and how school tenure impacts students' output using rich cohort … data on England's secondary schools. Ordinary Least Squares (OLS) estimates suggest that, on average, students benefit from … (TSLS) estimates suggest the effects of school tenure are positive and heterogeneous across students. While advantaged …